Hut 8 Corp. $HUT Shares Bought by Voya Investment Management LLC

by · The Cerbat Gem

Voya Investment Management LLC boosted its holdings in shares of Hut 8 Corp. (NASDAQ:HUT – Free Report) by 356.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 116,956 shares of the company’s stock after purchasing an additional 91,335 shares during the period. Voya Investment Management LLC owned approximately 0.11% of Hut 8 worth $4,071,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in HUT. Ameriprise Financial Inc. lifted its position in shares of Hut 8 by 1,043.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,486,814 shares of the company’s stock valued at $46,255,000 after acquiring an additional 2,269,237 shares during the last quarter. Moore Capital Management LP acquired a new stake in shares of Hut 8 during the second quarter worth $9,159,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Hut 8 by 74.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,104,612 shares of the company’s stock worth $12,835,000 after purchasing an additional 471,355 shares during the period. JPMorgan Chase & Co. raised its holdings in Hut 8 by 337.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 454,012 shares of the company’s stock worth $8,445,000 after buying an additional 350,112 shares during the period. Finally, Intrinsic Edge Capital Management LLC purchased a new stake in Hut 8 during the second quarter valued at about $5,952,000. 31.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HUT has been the topic of several analyst reports. Wall Street Zen raised shares of Hut 8 from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Northland Securities set a $58.00 price objective on shares of Hut 8 in a research report on Wednesday, November 5th. Benchmark restated a “buy” rating on shares of Hut 8 in a report on Wednesday, December 17th. Piper Sandler reiterated an “overweight” rating on shares of Hut 8 in a report on Thursday, December 18th. Finally, B. Riley reissued a “buy” rating on shares of Hut 8 in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Hut 8 has an average rating of “Buy” and a consensus target price of $53.76.

Check Out Our Latest Stock Analysis on HUT

Hut 8 Trading Up 0.6%

NASDAQ HUT opened at $52.79 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.14. Hut 8 Corp. has a 1-year low of $10.04 and a 1-year high of $57.29. The firm’s fifty day simple moving average is $43.81 and its 200-day simple moving average is $32.53. The company has a market capitalization of $5.70 billion, a PE ratio of -135.36 and a beta of 4.41.

Hut 8 (NASDAQ:HUT – Get Free Report) last released its quarterly earnings data on Tuesday, November 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.09. Hut 8 had a return on equity of 8.06% and a net margin of 115.39%.The firm had revenue of $80.72 million during the quarter, compared to analysts’ expectations of $64.70 million. As a group, sell-side analysts anticipate that Hut 8 Corp. will post -0.53 earnings per share for the current fiscal year.

Hut 8 Company Profile

(Free Report)

Hut 8 Corp., trading on the Nasdaq under the symbol HUT, is a North American digital infrastructure company specializing in cryptocurrency mining and high‐performance computing. Founded in 2017 and headquartered in Toronto, Canada, Hut 8 operates purpose‐built data centers that house fleets of specialized ASIC and GPU servers. Through its flagship mining facilities in Alberta and Ontario, the company leverages low‐cost, low‐carbon power sources—such as hydroelectric and natural gas—to support sustainable bitcoin production.

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